Australia: Are we heading for a house price crash?

Low interest rates could fuel a housing bubble in Australia, as consumers and investors look to take advantage of lower mortgage rates, according to Moody’s Investor Service.
Several commentators have suggested we are already in a housing bubble in Australia, with The Economist suggesting house prices were already 36% above their fair value, in its August update. Credit rating agency, Moody’s has warned the Reserve Bank of Australia (RBA) and banking regulators that a housing bubble could leave Australia more vulnerable to a crash………………………………………..Full Article: Source